I would like to enter the landscape of real estate investing, but the area I live in has a barrier to entry with regards to cost.

We also do not allow the tenant to patch holes or touch up the paint, because they usually do a terrible job that takes longer and costs more to fix. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Connecting with experienced investors or joining local real estate groups can provide valuable insights and help you avoid costly mistakes.

I do understand all recent syndications are struggling with costs and tenants struggling to pay, so trying to be patient for now.

How much did the rehab end up costing and how long did it take to complete?

I have the ability to find properties that all in costs including rehab and purchase would only be 70 to 80% or ARV on properties. due to this I have been trying to find lenders that allow for less down and rehab coverage since the properties are so discounted.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

The cleaning and repairs cost a conservative $2,000 because you did all the work yourself.

For example do you have a great w2 and can you afford to cover costs of a major repair or 3 months of vacancy?